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22. Which of the following accounts will be closed to the retained earnings account at the
End of the fiscal year?
a. Rent Expense
b. Fees Earned
c. Income Summary
d. Depreciation...

The Accumulated Depreciation's account balance is the sum of
Depreciation expense recorded in past periods.
True/False

I think True

21. Supplies are recorded as assets when purchased....

Depreciation Expense and Accumulated Depreciation are classified,respectively, as:

a. expense, contra asset
b. asset, contra liability
c. revenues, asset
d. contra assest, expense

I think it...

Which of the following accounts should be closed to Income Summary at the end of the fiscal year?

a. Supplies Expense
b. Accumulated Depreciation
c. Prepaid Expenses
d. Unearned Revenues
...

Take mom to court, you can get out of it. What she did was illeagal. You can prove that you were underage at the time of purchase. Order your credit report and highlight those things and dispute...

My own daughter won't either. I let her go to sleep in my bed, then I put her in hey own bed about 1 hour after she goes to sleep

Which of the items below does Not appear on the worksheet?

a. adjusting entries
b. the unajusted trial balance
c. closing entries
d. the dividends account

I think it is B

The adjusting entry to record the depreciation of equipment for the fiscal period is

a. debit Depreciation Expense; credit Equipment
b. debit Depreciation Expense; credit accumulated depreciation...

a. The same as correcting entries
b. needed to bring accounts up to date and match revenues and expenses
c. optional under generally accepted accounting principles
d. Rarely needed in large...

June 26 Supplies 500

Accounts Payable 500

??

a. Purchased supplies with cash
b. Investment of supplies by stockholder
c. Purchased supplies by...

Yes please be concerned. He needs to go to the doctor and you do too. Pimples do not come on the Penis. It seems like an allergic reaction or a STD. If it is herpes there is no way to get rid of...

June 23 Cash 6,000
----------------------------------------------------------------------------------------------------
Capital Stock ...

Which of the following entries records the acquisition of equipment on account?

a. Equipment, debit; Accounts Payable, credit
b. Equipment, debit; cash, credit
c. Accounts payable, debit;...

Which of the following accounts is an stockholders' equity account?

a. Cash
b. Accounts Payable
c. Prepaid Insurance
d. Retained Earnings

I think it is retained earnings, is this correct

Would it be accounts payable

True, Stockholders own it.

Even when a trial balance is in balance, there may be errors in the individual accounts.

TRUE/ FALSE

I think it is true, it is a trial not a final balance

The stockholders' rights to the assets rank ahead of the creditors' rights to the assets.

True/False

Revenues is the difference between cash receipts and payments.

True/ False

I think it is false

A credit balance in which of the following would indicate a likely error?

a. fees earned
b. salary expense
c. capital stock
d. accounts payable

:confused: